D.R. Horton – the construction giant benefiting from the shortage of starter homes!

For me, the scarcity of affordable starter homes in the USA is less of a problem and more of a tangible investment opportunity – and D.R. Horton holds all the cards here. The existing market is virtually closed off for first-time buyers: those who enter the market today compete with downsizers and existing homeowners looking to cash in on their price gains. This is precisely where new construction comes into play. The fact that 65% of the company’s financing closings in the third quarter were attributed to first-time buyers is the crucial signal...